Andrew E. Grimmig - 15 Mar 2023 Form 4 Insider Report for DoubleVerify Holdings, Inc. (DV)

Role
Chief Legal Officer
Signature
/s/ Andrew E. Grimmig
Issuer symbol
DV
Transactions as of
15 Mar 2023
Net transactions value
-$12,251
Form type
4
Filing time
17 Mar 2023, 16:14:03 UTC
Previous filing
15 Mar 2023
Next filing
17 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DV Common Stock Options Exercise $0 +1,494 +2.7% $0.000000 56,462 15 Mar 2023 Direct F1
transaction DV Common Stock Tax liability $12,251 -498 -0.88% $24.60 55,964 15 Mar 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DV Restricted Stock Units Options Exercise $0 -1,494 -8.3% $0.000000 16,423 15 Mar 2023 Common Stock 1,494 Direct F1, F3
transaction DV Restricted Stock Units Options Exercise $0 -2,500 -6.2% $0.000000 37,500 15 Mar 2023 Common Stock 2,500 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units were granted on December 10, 2021. 6.25% of the restricted stock units vested and were settled on March 15, 2022 (the "2022 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2022 Vesting Date.
F2 Represents shares withheld to satisfy tax obligations in connection with the vesting of 1,494 RSUs on March 15, 2023.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 As reported previously, the reporting person made an election under the Issuer's deferred compensation plan to defer delivery of the first four tranches of vested shares until March 2024 or, if sooner, as soon as administratively feasible following his separation from service with the Issuer.
F5 The restricted stock units were granted on December 12, 2022. 6.25% of the restricted stock units vested on March 15, 2023 (the "2023 Vesting Date"), and the remainder of the restricted stock units vest at a rate of 6.25% on each quarterly anniversary of the 2023 Vesting Date.